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the clinton deal as part of the budget control act. we're going to do $1 trillion in cuts. as secretary geithner pointed out, the president's budget contains additional cuts. and i don't think people recognize this. the president's budget over the next 10 years has more additional savings in medicare than the republican ryan budget over the next 10 years. let's see their plan. the reality is, they attack the president viciously, claiming he cut medicare by $716 billion. what they wanted to do was to add that $716 billion back into medicare, which would have cut the solvency by eight years. so they attack him for $716 billion, and now they are coming around saying, mr. president, you don't have enough medicare savings in your plan when in fact his plan over the next 10 years -- >> well, both things can be true. there's still not enough detail about how you fundamentally restructure medicare because the president does not want to make that commitment yet before he solves the tax issue. we'll come back. >> absolutely the right point, davi
the clinton deal as part of the budget control act. we're going to do $1 trillion in cuts. as secretary geithner pointed out, the president's budget contains additional cuts. and i don't think people recognize this. the president's budget over the next 10 years has more additional savings in medicare than the republican ryan budget over the next 10 years. let's see their plan. the reality is, they attack the president viciously, claiming he cut medicare by $716 billion. what they wanted to do...
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and none other than william jefferson clinton playing. imagine the conversation out there on the links at andrews. >>> up next, we'll talk to the former senate majority leader who recently served as u.s. special envoy for middle east peace. was the leading peace negotiator for that region, former senator george mitchell will join us live on the other side of the break. we'll spend some time with him. >>> and record rainfall up and down the west coast. a live report from one northern california town, where the river is literally rushing through it. >>> money was the single most important factor in the election. >> a little bit later, former president jimmy carter said president obama's re-election win was his grandson's doing. we're dead serious. we'll tell you why, we're watching msnbc. the place for politics. the way it cleans. everything about the oral-b power brush is simply revolutionary. oral-b power brushes oscillate, rotate and even pulsate to gently loosen and break up that sticky plaque with more brush movements than manual brush
and none other than william jefferson clinton playing. imagine the conversation out there on the links at andrews. >>> up next, we'll talk to the former senate majority leader who recently served as u.s. special envoy for middle east peace. was the leading peace negotiator for that region, former senator george mitchell will join us live on the other side of the break. we'll spend some time with him. >>> and record rainfall up and down the west coast. a live report from one...
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confirmation of ambassador susan rice if the president were to nominate ambassador rice to succeed hillary clinton as secretary of state. but senator johnny isaacson of georgia said he would not confirm her. why? >> i don't think she is confirmable right now because of the lack of information we have on the entire benghazi issue, from the administration. susan rice is the tip of the sphere. the administration has put her there. there are unanswered questions why we didn't have security for christy veins, why we couldn't get security there why it took so long to admit it was terrorist attack. so the president has putter in a difficult position, floating her name as secretary of state but not nominating her and having her come to thisol and do interviews with unanswered questions. it's unfair. >> are you making her the scapegoat, senator? >> no. we're trying to get theevery sin senator graham and senator mccain came back and said they're willing to listen to her. they have had a difficult meeting this week. susan collins still has questions. i have questions, and i'm sure the american people do. so
confirmation of ambassador susan rice if the president were to nominate ambassador rice to succeed hillary clinton as secretary of state. but senator johnny isaacson of georgia said he would not confirm her. why? >> i don't think she is confirmable right now because of the lack of information we have on the entire benghazi issue, from the administration. susan rice is the tip of the sphere. the administration has put her there. there are unanswered questions why we didn't have security...
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we're proposing to let the rates go back to clinton levels. that would be a good thing to do as a sensible economic policy, and we want to combine that with tax reforms that will limit deductions. there's no surprise in this. we have been proposing this for a very long time. the president campaigned on it and i think that's where we're going to end up. and i think that's there going to be very broad support from the business community and from the american people for an agreement with roughly that shape. >> when you talked about limiting the deductions there have been proposals from governor romney during the presidential campaign, and from other republicans, when you talk about those limitations on deductions, do you include the charitable deduction and the home mortgage deduction? >> i think you're right to point out the essential problem in this, which is, if you try to limit deductions with a $25,000 cap, what you do is you end up hitting millions and millions -- actually 17 million americans -- a huge part of the revenue comes from that b
we're proposing to let the rates go back to clinton levels. that would be a good thing to do as a sensible economic policy, and we want to combine that with tax reforms that will limit deductions. there's no surprise in this. we have been proposing this for a very long time. the president campaigned on it and i think that's where we're going to end up. and i think that's there going to be very broad support from the business community and from the american people for an agreement with roughly...
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we go back to the clinton tax rates. and we make significant cuts to the deficit and they say, hey, they did something substantial about the major financial problem that's facing this country. >> what about the entitlements issue? the president's plan calls for $1.6 trillion in tax increases in ten years. $400 billion in entitlement cuts without being specific. are you worried that republicans will have to own the push to make cuts to medicare and medicaid and capping mortgage interest deductions? >> ultimately for republicans the best thing is to get some bipartisan agreement on cutting entitlements. they are disadvantaged on that issue right now. but entitlements are where the money is. you have to look at medicare and medicaid in terms of finding savings. it doesn't get meaningful until you look at those programs combined with revenue. >> can i ask you, is the government capable of spending less money than it takes in? can they generate a surplus in these times. >> they did it during bill clinton. >> that was a couple
we go back to the clinton tax rates. and we make significant cuts to the deficit and they say, hey, they did something substantial about the major financial problem that's facing this country. >> what about the entitlements issue? the president's plan calls for $1.6 trillion in tax increases in ten years. $400 billion in entitlement cuts without being specific. are you worried that republicans will have to own the push to make cuts to medicare and medicaid and capping mortgage interest...
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the last time it happened was clinton, '93. this really does make a formative change. i think it's creating a lot of opportunity. see how it plays out. a mixture of economic reality and hopefully political momentum. you can see, you know, one thing that wasn't in your little monologue was looking at -- >> just go at it. it was terrible. >> no, it was great. you can only do so much in three or four minutes. how does it fit into the fiscal crisis? you can't have a great economy when wealth is at the high end. you need a strong, broad based economy. >> the debt ceiling leverage. we have seen it used before. here he is talking to mike allen about how he sees the strategy of this playing out. >> this president is not going to extend. he loses his leverage that way. >> republicans have other leverage. they can give him debt ceiling increases once a month, have them on a rather short leash, here's your allowance, come back if you have behaved. >> wait. you are proposing the debt ceiling be increased -- >> monthly. monthly if he's good. weekly, if he's not. >> it's no -- note
the last time it happened was clinton, '93. this really does make a formative change. i think it's creating a lot of opportunity. see how it plays out. a mixture of economic reality and hopefully political momentum. you can see, you know, one thing that wasn't in your little monologue was looking at -- >> just go at it. it was terrible. >> no, it was great. you can only do so much in three or four minutes. how does it fit into the fiscal crisis? you can't have a great economy when...
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. >> a very similar mistake in our analysis of the clinton years. you end up with this big charismatic candidate that seems to fill up all the space that doesn't necessarily mean that the party is drawn. >> when we come back, much more on one of the fundamental issues that has been dividing this democratic and republican party. the issue of immigration. how the gop is starting to think about shifting gears on immigration and the real pressure that president obama may feel on it. that's next. [ woman ] ring. ring. progresso. in what world do potatoes, bacon and cheese add up to 100 calories? your world. ♪ [ whispers ] real bacon... creamy cheese... 100 calories... [ chef ] ma'am [ male announcer ] progresso. you gotta taste this soup. >>> unof the goals that president obama thoepd accomplish in his first term was comprehensive immigration reform. here we are in the last month f the first term and it's been pushed off to next year. for the millions of people living without documentation, this is an urgent problem we cannot forget that immigration ha
. >> a very similar mistake in our analysis of the clinton years. you end up with this big charismatic candidate that seems to fill up all the space that doesn't necessarily mean that the party is drawn. >> when we come back, much more on one of the fundamental issues that has been dividing this democratic and republican party. the issue of immigration. how the gop is starting to think about shifting gears on immigration and the real pressure that president obama may feel on it....